Addressing Persistent Petrol Market Disruptions, Operators’ Disenchantment

The chief executive said the public should take note that the current stock sufficiency stood at 35.39 days for PMS, 34.86 days for Automotive Gas Oil and 31.36 days for Aviation Turbine Kerosene .

Although, the Independent Petroleum Marketers Association of Nigeria said that there ought to be a uniform pricing structure after the NNPCL intervention, LEADERSHIP Sunday, finding showed that some operators especially among the Independent marketers sell above agreed pump price of between N185, N210 depending on the region.

Due to this act, customers spend 2 hours on queue as the filling staions are mostly populated by smugglers who buy in large quantity for onward smuggling to neighboring Benin Republic. LEADERSHIP Sunday gathered from sources that Independent Marketers receive products from NNPCL in Lagos at N172 per liter and after associated costs to land it at outlets it should be sold at N185 per liter.

National president of the association, Dr Billy Gillis-Harry, told our Correspondent that, because of associated costs and different operating environments, prices tend to differ. To facilitate transparency therefore, the Marketers Association of Nigeria, , has called for the automation of the industry. Executive secretary of MOMAN, Mr Clement Isong, while speaking at a virtual workshop on world international data day in Lagos emphasised the importance of data and automation in the downstream business.

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